A man was arrested from Ambamata for allegedly defrauding another man of Rs 12.9L in name of investment in a fake company called Advance Cable Technology. The accused was arrested yesterday and sent on a 3 day remand by the court.

Ramesh Chandra, Sub-Inspector, Ambamata, informed that Malla Talai resident Raju Dayar s/o Abdul Wahid lodged a complaint against Ghantaghar resident Mohammad Shareef s/o Babu Khan. He said that Shareef made false promises about Advance Cable Technologies and got Chandra to invest Rs 7.5 Lakh in the firm. He also allegedly took Rs 5.4 Lakh as loan from Chandra. Shareef used false letter head of company for the investment.

Shareef was arrested and presented in court yesterday from where he was sent for 3 days of police remand. During the police remand Shareef will be questioned about where he had spent the amount that he had taken and also from where he had taken the fake computer letter head printout.